Results     15-Nov-18
Analysis
Power Mech Projects
Powering ahead
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 Power Mech Projects: Consolidated Results
The company reported a 55% rise in consolidated net sales to Rs 534.50 crore in Sep 18 quarter. OPM was lower by 20 bps to 12.8% and thus resulting in OP growth of 52% to Rs 68.49 crore. Other income was higher by 93% to Rs 3.75 crore and interest costs was higher by 53% at Rs 13.26 crore. Depreciation was higher by 13% to Rs 12.36 crore which resulted in a 70% increase in PBT to Rs 46.63 crore. After providing total tax of Rs 13.08 crore, up by 60% on YoY, PAT stood at Rs 33.54 crore up by 74% YoY. After providing MI of Rs 5.14 crore up by 131% YoY, consolidated PAT for Sep 18 quarter stood at Rs 28.43 crore up by 68% YoY.

Consolidated performance for 6 months ended Sep 18

For 6 months ended Sep 18, consolidated net sales were up by 42% to Rs 996.43 crore. OPM was up by 10bps and stood at 13% resulting in a 42% increase in OP to Rs 129.23 crore. Other income was up by 39% to Rs 6.58 crore. Interest cost was up by 52% at Rs 24.83 crore and depreciation was up by 8% to Rs 22.90 crore. Thus, PBT was up by 51% to Rs 88.08 crore. After providing total tax of Rs 23.98 crore, PAT for 6 months ended Sep 18 stood at Rs 64.10 crore. After providing share of loss from JV of Rs 5 lakh and MI of Rs 11.26 crore, consolidated PAT for 6 months ended Sep 18 stood at Rs 52.79 crore, up by 50% YoY.

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